III.L vs. SMH
Compare and contrast key facts about 3I Group plc (III.L) and VanEck Vectors Semiconductor ETF (SMH).
SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: III.L or SMH.
Key characteristics
| III.L | SMH | |
|---|---|---|
| YTD Return | 41.48% | 48.30% |
| 1Y Return | 71.43% | 72.60% |
| 3Y Return (Ann) | 40.24% | 21.36% |
| 5Y Return (Ann) | 28.44% | 34.34% |
| 10Y Return (Ann) | 27.99% | 29.34% |
| Sharpe Ratio | 3.06 | 2.10 |
| Sortino Ratio | 3.83 | 2.59 |
| Omega Ratio | 1.54 | 1.35 |
| Calmar Ratio | 8.38 | 2.91 |
| Martin Ratio | 23.86 | 8.05 |
| Ulcer Index | 2.98% | 8.98% |
| Daily Std Dev | 23.19% | 34.46% |
| Max Drawdown | -87.59% | -95.73% |
| Current Drawdown | -3.03% | -7.80% |
Correlation
The correlation between III.L and SMH is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
III.L vs. SMH - Performance Comparison
In the year-to-date period, III.L achieves a 41.48% return, which is significantly lower than SMH's 48.30% return. Both investments have delivered pretty close results over the past 10 years, with III.L having a 27.99% annualized return and SMH not far ahead at 29.34%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
III.L vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 3I Group plc (III.L) and VanEck Vectors Semiconductor ETF (SMH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
III.L vs. SMH - Dividend Comparison
III.L's dividend yield for the trailing twelve months is around 1.80%, more than SMH's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
III.L 3I Group plc | 1.80% | 2.32% | 3.76% | 2.78% | 3.02% | 3.42% | 4.78% | 2.90% | 3.41% | 4.15% | 4.29% | 3.14% |
SMH VanEck Vectors Semiconductor ETF | 0.40% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
III.L vs. SMH - Drawdown Comparison
The maximum III.L drawdown since its inception was -87.59%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for III.L and SMH. For additional features, visit the drawdowns tool.
Volatility
III.L vs. SMH - Volatility Comparison
The current volatility for 3I Group plc (III.L) is 8.69%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.32%. This indicates that III.L experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.